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Case Status:    ONGOING    
On or around 04/04/2020 (Date of last review)

Filing Date: April 03, 2020

According to the Complaint, Binance launched in July 2017. By January 2018, it had become, and remains, the largest cryptocurrency exchange in the world, with a market capitalization of $1.3 billion and the highest trading volume of any such exchange. Binance facilitates trades in digital assets, including the Tokens, by providing a marketplace and facilities for bringing together buyers and sellers of securities, in exchange for Binance taking a fee for every transaction it facilitates.

On behalf of a class of investors who purchased twelve digital tokens that Binance has sold through its online exchange since July 1, 2017 (the “Class”), without registering under applicable federal and state securities laws as an exchange or broker-dealer, and without a registration statement in effect for the securities it was selling, Plaintiffs and members of the Class seek to recover the consideration paid for the tokens and the fees they paid to Binance in connection with their purchases of EOS, BNT, SNT, QSP, KNC, TRX, FUN, ICX, OMG, LEND, ELF, and CVC (together, the “Tokens”).


Sector: Financial
Industry: Consumer Financial Services
Headquarters: Other


Ticker Symbol: N/A
Company Market: N/A
Market Status: N/A

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 20-CV-02803
JUDGE: Hon. Andrew L. Carter, Jr.
DATE FILED: 04/03/2020
CLASS PERIOD END: 04/03/2020
  1. Roche Cyrulnik Freedman LLP
  2. Selendy & Gay, PLLC
No Document Title Filing Date
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—Related District Court Filings Data is not available